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Carlyle and Texas Pacific Group are probably in the reckoning to acquire a 25-40 per cent stake in Delhi-based IT company NIIT Technologies, reports The Economic Times, quoting unnamed sources. NIIT Tech had gone on record last month that it would seek to sell a 25 per cent or more to a strategic investor. It will still be early stages as far as a deal is concerned. NIIT Tech is promoted by IT education company NIIT Ltd, which holds about 25 per cent stake through its wholly owned subsidiary Scantech Evaluation Services. The total stake held by promoters in the company is 39.69 per cent, while the public holds 60.31 per cent.
An NIIT Technologies spokesperson told ET that the prmoters are open to selling a 25 per cent stake to strategic partners...to help NTL with its next level of growth. "There is no change in that position and no specific transaction to report. NIIT Tech is not in talks with Carlyle and TPG for selling 25% stake.” NIIT Tech has a market cap of Rs 1,309 crore.

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NIIT To Sell A 25% Stake In Its IT Arm NIIT Technologies To A Strategic Investor